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Dealing with general economic theory, other than employment theory, the book discusses the theory of pure and monopolistic competition - with a special emphasis upon welfare aspects. Beginning with an analysis of the consumer and of the individual firm, the main stress is nevertheless placed on the analysis of the economic system as a whole.

Theoretical models based on the assumption that telecommunications is a natural monopoly no longer reflect reality. As a result, policymakers often lack the guidance of economic theorists. Competition in Telecommunications is written in a style accessible to managers, consultants, government officials, and others. Jean-Jacques Laffont and Jean Tirole analyse regulatory reform and the emergence of competition in network industries using the state-of-the-art theoretical tools of industrial organisation, political economy, and the economics of incentives. The book opens with background information for the reader who is unfamiliar with current issues in the telecommunications industry. The following sections focus on four central aspects of the recent deregulatory movement: the introduction of incentive regulation; one-way access (access given by a local network to the providers of complementary segments, such as long-distance or information services); the special nature of competition in an industry requiring two-way access (whereby competing networks depend on the mutual termination of calls); and universal service, in particular the two leading contenders for the competitively neutral provision of universal service: the use of engineering models to compute subsidies and the design of universal service auctions. The book concludes with a discussion of the Internet and regulatory institutions.

Enth. 5 Beitr. Locating economic concentration / Jeroen Hinloopen and Charles van Marrewijk -- Transport costs, location and the economy / Jan Osterhaven and Piet Rietveld -- Agglomerations in equilibrium? / Jan G. Lambooy and Frank G. van Oort -- Policy competition in theory and practice / Ruud A. Mooij, Joeri Gorter and Richard Nahuis -- Clustering, optimum currency areas and macroeconomic policy / Roel Beetsma and Koen Vermeylen

Frontmatter -- Contents -- Preface -- Introduction -- 1. Political Competition over a Single Issue: The Case of Certainty -- 2. Modeling Party Uncertainty -- 3. Unidimensional Policy Spaces with Uncertainty -- 4. Applications of the Wittman Model -- 5. Endogenous Parties: The Unidimensional Case -- 6. Political Competition over Several Issues: The Case of Certainty -- 7. Multidimensional Issue Spaces and Uncertainty: The Downs Model -- 8. Party Factions and Nash Equilibrium -- 9. The Democratic Political Economy of Progressive Taxation -- 10.Why the Poor Do Not Expropriate the Rich in Democracies -- 11. Distributive Class Politics and the Political Geography of Interwar Europe -- 12. A Three-Class Model of American Politics -- 13. Endogenous Parties with Multidimensional Competition -- 14. Toward a Model of Coalition Government -- Mathematical Appendix -- References -- Index

Dealing with general economic theory, other than employment theory, the book discusses the theory of pure and monopolistic competition - with a special emphasis upon welfare aspects. Beginning with an analysis of the consumer and of the individual firm, the main stress is nevertheless placed on the analysis of the economic system as a whole

Many parts of the world are currently experiencing the outcome of processes of economic integration, globalization and transformation. Technological advances in telecommunications and in transport facilities have opened up new possibilities for contracts and exchanges among regions. External effects among regions have increased in importance. As a result, competition among regions has intensified. Except some pioneering work by regional scientists and scholars of public finance and economics, the phenomenon of regional competition has yet to attract the attention it warrants, despite its importance for policy-making. The present volume is intended to remedy this neglect by providing high-level contributions to the three main topics of the book, the theory of regional competition, methods of analysis of regional competition and policies of regional competition